Sessional Papers No. 02 of 1980 on Government Guarantee of a Loan to the Kenya Power from the Commonwealth Corporation for Financing the Development of the Potential of the Geothermal Field at Olkaria Location South of Lake Naivasha

Abstract

In accordance with the provision the provision of sections 5(1) of the guarantee (Loan) Act, (chapter 641) laws of Kenya, the information set out in the paragraphs following is laid before the national assembly for the Assembly’s consideration and approval. The government of Kenya to guarantee a loan of an amount of pounds sterling nine million two hundred and fifty thousand ( Stg. 9250,000) which is equivalent to Kenya pounds seven million eight hundred and sixteen thousands (Ksh 7,816,000) at current exchange rates to be made to the Kenya power company a wholly owned government company by the commonwealth development corporation...